Seattle, Washington Chapter 13 Bankruptcy Attorney Ruth Nelson
Chapter 13 bankruptcy, often called a “wage earner” bankruptcy, can help you prevent home foreclosure and rebuild your financial well-being. In this type of bankruptcy, you and your attorney develop a three to five-year repayment plan, based on what you can afford to pay. At the end of the plan, your debts are paid off even if they aren’t paid in full.
As a bankruptcy lawyer, I have been helping people qualify for and file personal bankruptcy since 1988, and I am here to help you.
How does Chapter 13 bankruptcy work?
If you do not qualify for Chapter 7 bankruptcy, Chapter 13 bankruptcy can still help you get debt relief.
In a Chapter 13 bankruptcy, you and your attorney set up a three to five-year repayment plan for you based on what you can afford to pay. The standards for how much you can pay do allow you to live a decent life. Your creditors cannot reject the plan as not good enough. They can’t charge you interest or harass you in any way.
Other benefits of Chapter 13 bankruptcy include:
- Chapter 13 stops creditor harassment immediately.
- In nearly all situations, you will not have to repay all of your debt—only what you can afford to pay off during the five-year repayment period. At the end of the plan, any qualifying debt you could not afford to pay off is discharged.
- Since new interest and penalties on your debt are stopped, your debt doesn’t continue to grow while you’re trying to pay it down.
When your Chapter 13 repayment plan is complete, the debt is legally paid off. None of your creditors can claim that you still owe them money from before the bankruptcy.
For your free phone consultation and to learn more about Chapter 13 bankruptcy, call me at 206-633-2517. Or, contact me by e-mail today. I take appointments 6 days a week and evenings until 6:30 p.m., and my services are entirely confidential.
Cash, Checks and Money Orders Accepted
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.